The front quarter coal contract on the API2 curve has fallen by more than twenty dollars week on week.
Sentiment in the coal market continues to be bearish. The Q4 08 API2 traded at USD 185.13/tonne on Thursday 4 September but yesterday ended the day at USD 165/tonne. "The physical market has also moved in sympathy as a DES ARA contract traded at USD 165/tonne," according to coal analyst Guillaume Perret."European end users are reportedly well covered for the coming months and the stocks
Freitag, 12.09.2008, 08:02 Uhr
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